AC450 Unit10 Discussion - Topic Evaluating the...

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Topic: Evaluating the Not-For-Profit Entity In the accounting world, you find that there are many benefits to becoming a not-for-profit entity. These may be so considerable that traditional for-profit entities forgo their profit making potential. With this in mind, please answer the following questions: Please identify an industry where the for-profit companies are being outweighed by not-for-profit companies. One industry more geared towards not-for-profit would be things Universities. Please identify an industry where the not-for-profit companies are being outweighed by for-profit companies? An industry aimed at for-profit is the healthcare industry. What are the advantages of the not-for-profit company vs. the for-profit company? Tax exemption/deduction : Organizations that qualify as public charities under Internal Revenue Code 501(c)(3) are eligible for federal exemption from payment of corporate income tax.
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